#SEC Chair Denies Bitcoin and Ethereum Are Securities#

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently told Yahoo Finance that the SEC "has never said" that Bitcoin and Ethereum are securities. He emphasized that neither he nor former chair Jay Clayton had ever labeled Bitcoin as a security. This statement stands in stark contrast to the SEC's regulatory approach toward the crypto industry over the past few years, during which the SEC had maintained a cautious stance and launched investigations and lawsuits against numerous crypto projects. Gensler's latest remarks seem to suggest that the SEC is shifting its stance on cryptocurrencies, potentially opening up new opportunities for the industry. It is noteworthy, however, that Gensler's statement did not explicitly declare that the SEC would not classify Bitcoin and Ethereum as securities, but merely emphasized that the SEC "has never said" they are securities. Thus, the crypto industry should remain vigilant regarding the SEC's future regulatory actions and be prepared to manage potential regulatory risks.